Calm Company Fund (previously Earnest Capital)
Early Stage
Investment Advisor + Mentor for Founders of Calm Companies
Overview
Raised: $1,725,362
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/17/2021
Close Date
07/23/2021
Min. Goal
$900,000
Max. Goal
$2,000,000
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$20,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$49,296
# of Investors
1,000
Momentum
Funded
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Year Founded
2018
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Calm Company Fund, with a valuation of $20 million, is raising crowdfunding on Wefunder. The company offers capital, community, and mentorship for calm companies. It aims to become the default source of capital for startups and support them in the entrepreneurship journey. Tyler Tringas founded Calm Company Fund in November 2018. The proceeds of the current crowdfunding round, with a minimum raise of $1,000,000 and a maximum raise of $2,000,000, will be used for investments in the team, funding a scout program, and closing costs. Calm Company Fund has invested in over 35 software startups with a 167% total portfolio value increase. Several of the portfolio companies of Calm Company Fund are sharing profits with it, and two have demonstrated successful exits.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$418,298 |
$88,499 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$85,679 |
$23,479 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$143,291 |
$82,848 |
|
Accounts Receivable |
$9,476 |
$0 |
|
Total Assets |
$173,861 |
$88,059 |
|
Short-Term Debt |
$87,178 |
$44,555 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$87,178 |
$44,555 |
Financials as of: 06/17/2021
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